14
Thursday, February 1, 1973
RESTRAINT ON EXPORTS OF CERTAIN TEXTILE PRODUCTS
To Federal Republic Of Germany
The Commerce and Industry Department has, with immediate effect, temporarily suspended the issue of export licences to cover the shipment of certain woven polyester/cotton textile products to the Federal Republic of
Germany.
The Director of Commerce and Industry announced today that this suspension covers woven garments containing both cotton and polyester where (a) the cotton content is 50 per cent or less, and (b) polyester comprises
50 per cent or more of the fibres other than cotton.
In both cases the percentages are measured by the weight of the
fibre content.
The Director said that this action had been taken with the advice
of the Textiles Advisory Board to enable the Department to introduce, as soon
as possible, certain export control arrangements.
These arrangements were designed to remove the uncertainties which at present exist with regard to trade in these products with Germany.
The over-riding objective of this move is the maintenance of stable conditions for, and the orderly development of trade between Hong Kong and the
Federal Republic of Germany.
He added details of the new export control arrangements will be
announced shortly.
/The Department
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